Stock Markets - Page 29

Reuters - The global flight from risk knocked gold and silver hard for a third straight day on Friday, with bullion falling below $640 an ounce for the first time in 1-1/2 months as funds and currency investors cashed out on precious metals to pay for losses in other markets.

FT.com - It has been one of those weeks. Every so often, a collective panic breaks out among investors in the world's stock markets, and share prices fall like fragile fences charged down by a herd of frightened animals. More Info...  

FT.com - The financial sector bore the brunt of heavy losses suffered by European equity markets this week. More Info...  

Reuters - St. Louis Federal Reserve President William Poole on Friday dismissed fears that the U.S. economy was heading into recession, and said he saw no current grounds for the central bank to prop up falling stock markets.

FT.com - Wall Street stocks were set for a lower start on Friday, as a stronger yen and disappointing earnings from Dell (NASDAQ:DELL) encouraged investors to shy away from risky assets. More Info...  

Reuters - Gold was hit by further selling on Friday as investors continued to reduce their exposure to the metal after heavy losses in stock markets this week.

AFP - The dollar rose slightly against the euro on Friday as anxious investors closely monitored the state of global stock markets following recent turbulent trade.

FT.com - European equity markets gave up opening gains and turned lower, heading for weekly losses of nearly 5 per cent as turbulent trading resumed. More Info...  

AP - The dollar rose slightly against the yen in Asia Friday as traders remained jittery over the direction of regional stock markets following the global sell-off earlier this week. More Info...  

FT.com - London equities pared recent heavy losses to trade in positive territory on Friday morning. More Info...  

FT.com - European equity markets staged a modest rally on Friday as financial and technology stocks rebounded, but gains were tentatvie, with the previous session's violent swing lower still on the minds of investors. More Info...  

AP - Japanese stocks fell Friday for a fourth straight session, dragged down by exporters on worries that the U.S. economy might be slowing and amid jitters over this past week's global market slide.

FT.com - Most of Asia's stock markets staged cautious recovery on Friday, with the exception of Tokyo, where a continued fall in the Nikkei 225 Average erased the last remnants of the index's 2007 gains. More Info...  

Stock Markets News

AP - Oil prices settled at $62 a barrel Thursday, the highest level in more than two months, as concerns over declining product supplies outweighed traders' worries about volatile global stock markets.

AP - A still skittish Wall Street closed modestly lower Thursday, having clawed its way back from an early-session plunge after upbeat manufacturing data allayed fears about a flagging U.S. economy.

AFP - Turbulent world stock markets fell again on Thursday as another wave of anxiety spread from Asia to Europe and triggered further losses on Wall Street.

FT.com - Wall Street stocks plunged as the markets opened on Thursday but stabilised to close moderately lower in a tempestuous day's trading that did little to soothe investors' frayed nerves. More Info...  

FT.com - J Sainsbury stood out in a volatile trading session in which the FTSE 100 swung sharpy before coming to rest at a three-month low on Thursday. More Info...  

AP - Prices for U.S. government treasuries pushed sharply higher Thursday as stocks opened weakly, but bonds lapsed back on unexpectedly strong data on U.S. manufacturing. More Info...  

FT.com - European equity markets gave back modest but welcome opening gains on Thursday as selling resumed on Wall Street. More Info...